Al Moammar Information Systems Co., MIS, has bagged SR84.5 million ($23 million) worth of contracts with its subsidiary Edarat Communications and Information Technology Co.
Edarat will provide data centre services to MIS, worth SR57 million and valid for 18 months, the Saudi information technology firm said in a statement to the stock exchanges.
Riyadh-based MIS owns 50 per cent of Edarat. It was established in 1979 and marks Saudi Arabia’s first listed information technology company.
This development got the approval of the company’s board of directors. in a separate announcement, MIS declared the closure of a 60-month deal valued at SR27.5 million with Edarat.
MIS signed the second deal to receive cloud hosting services as it aims to feed its helix cloud computing software, the company said.
